4 h. ago Dollar, yuan steady after US, China reach framework deal to ease export curbs

Dollar, yuan steady after US, China reach framework deal to ease export curbs  Reuters

Economics

6 h. ago Dollar holds steady after US, China reach framework deal to ease export curbs

Dollar holds steady after US, China reach framework deal to ease export curbs  Reuters

Economics

29 h. ago As 2 Hong Kong art chiefs step down, what’s next for city’s culture scene?

Para Site and Asia Art Archive (AAA), two long-standing independent cultural institutions in Hong Kong, are simultaneously seeking new executive directors at a pivotal moment for the city’s cultural scene. On June 2, Para Site in Quarry Bay announced that Billy Tang had stepped down as executive director and curator after concluding his three-year contract. The British-born former senior curator of Shanghai’s Rockbund Art Museum took over from Cosmin Costinas – who had run Para Site for 11 years...

Culture

44 h. ago Wall Street heads for cautious start, dollar eases ahead of US

Wall Street heads for cautious start, dollar eases ahead of US-China talks  Reuters

Politics

54 h. ago China’s consumer prices fall for fourth month amid weak demand, trade tensions

China’s consumer prices declined for a fourth straight month in May, highlighting persistent deflationary pressures driven by sluggish demand and trade tensions with the United States, which are compounding inventory strains for manufacturers. The national consumer price index (CPI), a key gauge of inflation, fell 0.1 per cent year on year last month, according to data released by the National Bureau of Statistics on Monday. The figure beat market expectations after a poll by financial provider...

Events

54 h. ago China’s consumer prices extend decline for fourth month in May By Reuters

China’s consumer prices extend decline for fourth month in May By Reuters  Investing.com

Politics

58 h. ago Kenneth Rogoff and Yu Yongding on Trump, the dollar and the rise of the yuan

Welcome to Open Dialogue, a new series from the Post where we bring together leading voices to discuss the stories and subjects occupying international headlines. In this inaugural edition, we invited prominent economists from both sides of the Pacific to reflect on the recent turmoil in global trade, the diminishing role of the US dollar and whether China’s yuan could – or should – take its place. Professor Kenneth Rogoff of Harvard University has repeatedly warned the US dollar is approaching...

Politics

58 h. ago Is the US dollar’s decline inevitable? Kenneth Rogoff and Yu Yongding weigh in

Welcome to Open Dialogue, a new series from the Post where we bring together leading voices to discuss the stories and subjects occupying international headlines. In this inaugural edition, we invited prominent economists from both sides of the Pacific to reflect on the recent turmoil in global trade, the diminishing role of the US dollar and whether China’s yuan could – or should – take its place. Professor Kenneth Rogoff of Harvard University has repeatedly warned the US dollar is approaching...

Politics

58 h. ago Exclusive | Is the US dollar’s decline inevitable? Kenneth Rogoff and Yu Yongding weigh in

Exclusive | Is the US dollar’s decline inevitable? Kenneth Rogoff and Yu Yongding weigh in  South China Morning Post

Politics

67 h. ago Critically injured Hong Kong officer ‘did what he needed to do’: police chief

An officer critically injured after falling 10 metres from a flyover near Tuen Mun when trying to avoid an oncoming bus “did what he needed to do”, Hong Kong’s police chief said on Sunday. Commissioner of Police Joe Chow Yat-ming said that the constable, 31, had regained consciousness but remained in the intensive care ward of Tuen Mun Hospital and was still in a critical condition. Chow declined to further discuss the progress or the direction of the investigation. The accident took place on...

Events

3 d. ago Pay dads to parent? How China could fix birth rate crisis, according to new research

Subsidising men’s participation in household chores and childcare could help reverse declining global birth rates, according to a new study, offering a fresh approach to deepening demographic challenges in countries like China. The study, co-authored by researchers from Fudan University and the University of Hong Kong (HKU), argued that subsidies for fathers produce significantly higher long-term fertility gains than solely subsidising mothers. The findings came as the world’s second-largest...

Events

4 d. ago Trump, Hegseth, Rubio: a triple threat to global stability – and Asia

The Indo-Pacific cannot afford to become collateral damage in America’s descent from diplomacy into dysfunction – a decline embodied by Defence Secretary Peter Hegseth’s sabre-rattling and Secretary of State and National Security Adviser Marco Rubio’s overreach. At the recent Shangri-La Dialogue in Singapore, Hegseth stunned Asia’s defence and diplomatic elite by demanding that Indo-Pacific countries raise defence spending to 5 per cent of gross domestic product to “counter China”. The proposal...

Politics

5 d. ago Hong Kong IPO Rules Tested as China Firms Weigh US Delistings

Hong Kong IPO Rules Tested as China Firms Weigh US Delistings  Bloomberg

Economics

5 d. ago US declines to label China a currency manipulator, but blasts its transparency policies

US declines to label China a currency manipulator, but blasts its transparency policies  AP News

Events

5 d. ago Hong Kong should allow cinemas to host live events to survive: lawmaker

Hong Kong should relax the licensing renewal criteria for cinemas to allow them to host live performances or sports broadcasts, a lawmaker has said, as the city continues to grapple with a slew of theatre closures. Kenneth Fok Kai-kong, who represents sports, performing arts, culture and publication in the legislature, made the suggestion on Thursday after the Golden Harvest cinema at MegaBox shopping centre in Kowloon Bay announced it would be closing down at the end of the week. Fok said that...

Society

6 d. ago China's approvals of coal power plants grow after 2024 decline

China's approvals of coal power plants grow after 2024 decline  Reuters

Politics

6 d. ago Hong Kong housing market bound for gradual recovery: analyst

Hong Kong’s housing market is poised for a gradual recovery starting in the second half of this year, as population inflows, falling interest rates and a rebound in rental demand restore confidence, according to Bocom International. The investment bank said home prices could rise by 3 per cent over the next six months, followed by 5 per cent increases in both 2026 and 2027, as sentiment improved amid declining borrowing costs while returning residents and arriving professionals boosted...

Politics

7 d. ago Anwar’s ‘Madani City’ plan sparks fresh backlash in Malaysia

Prime Minister Anwar Ibrahim’s plan to build a new hi-tech city named after his “Madani” slogan has sparked fresh outrage, with Malaysians accusing the government of splurging on a vanity project while imposing spending cuts on the public. Anwar rose to power in 2022 on the promise that he would avoid the excesses of his predecessors. He vowed to stamp out corruption and cronyism after years of scandals that cost the country billions of dollars. His credibility has taken several blows since...

Events

7 d. ago ‘Nepotism city’? Malaysian leader’s megaproject plan criticised by the public

Prime Minister Anwar Ibrahim’s plan to build a new hi-tech city named after his “Madani” slogan has sparked fresh outrage, with Malaysians accusing the government of splurging on a vanity project while imposing spending cuts on the public. Anwar rose to power in 2022 on the promise that he would avoid the excesses of his predecessors. He vowed to stamp out corruption and cronyism after years of scandals that cost the country billions of dollars. His credibility has taken several blows since...

Politics

7 d. ago Sorry, but the ‘China shock’ was actually pretty good for America

The idea that China has stolen millions of American jobs in recent decades, causing a collapse in the manufacturing labour market, has long been a staple anti-Chinese narrative on both sides of US politics. Even economists and media pundits who grudgingly acknowledge that cheap Chinese goods have made life easier and more affordable for the average American would complain about these alleged mass job losses. And the blue-collar voters most severely affected by sectoral lay-offs and the decline...

Events